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B4 The Bell Thursday November 4


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Yeah threadbare both of your last 2 posts are right on.

Ditto.

 

China today actually partially reversed some exchange controls. They don't mind accumulating more dollars - they will just spend them to buy oil and other commodities all the faster.

 

We are looking for a formal devaluation of the dollar, we actually might get just continued inflation - so Snowjob can keep saying the dollar is strong because of 'demand' and we will make 'smooth' transitions in the current account deficit.

 

What is going to really be smooth is the way the US standard of living will drop without anyone noticing.

Good point HB...

 

Inflation can rip, without all of those nasty government statistics to prove it.

 

Lying...It's not just for breakfast anymore!

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